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8014 N Lopez Street, Rio Grande City, TX 78582

$146,900
: 3,159
SqFt

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List Price: $146,900
Status: ACTIVE
MLS#: 506602
Living Area: 3,159
Lot Size (Acres): 0.11560000000000001
Year Built: 1995

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Property Description

Investor opportunity in Rio Grande City! This 4-plex is offered at just $146,900 and features approx. 3,159 sq. ft. of gross building area per appraisal. Three of four units are currently leased with a total rent roll of $1,690/month, or $20,280 annually in current scheduled rent. Unit mix includes two 3-bedroom units and two 1-bedroom units, with one 1BD/1BA currently vacant and offering additional income potential once leased. Listed owner expenses total approx. $6,839/year for taxes, insurance, and water, with trash charges passed through to occupied units. Property needs repairs and updating, but the price reflects the condition and creates a strong value-add opportunity for an investor looking to improve, stabilize, and increase performance over time. Features include tile flooring, covered porch/patio areas, paved access, and a chain-link fenced lot. Sold as-is.

+19562525471

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Additional Information

Area: Rio Grande City
Subdivision: Colonia Share 52 & Colonia Ab-130
Taxes: $3,822
Stories: 2
Interior Features: Ceiling Fan(s)
Amenities: Street Lights
Exterior Features: None
Heating: Electric
Cooling: Electric, Wall Unit(s), Window Unit(s)
Sewer: City Sewer
School District: Rio Grande ISD
Elementary School: Ringgold
Middle School: Ringgold
High School: Rio Grande City H.S.